Retireful LLC Sells 4,387 Shares of Workday, Inc. (NASDAQ:WDAY)

Retireful LLC cut its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 77.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,256 shares of the software maker's stock after selling 4,387 shares during the quarter. Retireful LLC's holdings in Workday were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in WDAY. Brighton Jones LLC boosted its position in Workday by 230.2% during the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock worth $1,033,000 after buying an additional 2,792 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Workday during the 4th quarter worth approximately $8,984,000. Chicago Partners Investment Group LLC boosted its position in Workday by 4.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 1,359 shares of the software maker's stock worth $346,000 after buying an additional 61 shares during the period. Greenleaf Trust lifted its position in shares of Workday by 4.4% in the 4th quarter. Greenleaf Trust now owns 2,299 shares of the software maker's stock worth $593,000 after purchasing an additional 97 shares during the period. Finally, Fourpath Capital Management LLC lifted its position in shares of Workday by 16.5% in the 4th quarter. Fourpath Capital Management LLC now owns 799 shares of the software maker's stock worth $206,000 after purchasing an additional 113 shares during the period. 89.81% of the stock is owned by institutional investors.

Insider Activity

In related news, Director George J. Still, Jr. sold 7,500 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the completion of the sale, the director now owns 75,000 shares in the company, valued at approximately $18,099,750. This trade represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 15,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $243.17, for a total transaction of $3,647,550.00. Following the sale, the insider now owns 45,000 shares of the company's stock, valued at $10,942,650. This trade represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 252,338 shares of company stock worth $59,875,701 over the last quarter. Insiders own 19.31% of the company's stock.

Workday Stock Up 0.2%

Shares of WDAY stock traded up $0.62 on Thursday, hitting $250.10. The stock had a trading volume of 1,735,805 shares, compared to its average volume of 2,478,699. The business has a 50 day moving average of $241.89 and a 200 day moving average of $253.15. The stock has a market cap of $66.53 billion, a price-to-earnings ratio of 41.48, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, beating the consensus estimate of $2.01 by $0.22. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.74 earnings per share. As a group, analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on WDAY shares. Guggenheim restated a "neutral" rating on shares of Workday in a research report on Friday, May 23rd. UBS Group boosted their price target on shares of Workday from $255.00 to $285.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Daiwa America upgraded shares of Workday to a "strong-buy" rating in a research report on Tuesday, March 4th. BMO Capital Markets boosted their price target on shares of Workday from $300.00 to $314.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group dropped their price target on shares of Workday from $350.00 to $325.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Nine research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $293.54.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.